WEC Energy Group, Inc., through its subsidiaries, provides regulated natural gas and electricity, and nonregulated renewable energy services in the United States. The company operates through six segments: Wisconsin, Illinois, Other States, Electric Transmission, Non-Utility Energy Infrastructure, and Corporate and Other. It generates and distributes electricity from coal, natural gas, oil, hydroelectric, wind, and biomass sources; provides electricity transmission services; offers retail natural gas distribution services; transports customer-owned natural gas; and generates, distributes, and sells steam. The company offers electricity to approximately 1.6 million residential, small and large commercial and industrial, and other customers; and natural gas to 2.8 million residential, and commercial and industrial customers. As of December 31, 2018, it operated approximately 36,800 miles of overhead distribution lines and 33,300 miles of underground distribution cable, as well as approximately 500 distribution substations and 500,450 line transformers; and approximately 48,900 miles of natural gas distribution mains, as well as 1,100 miles of natural gas transmission mains. The company was formerly known as Wisconsin Energy Corporation and changed its name to WEC Energy Group, Inc. in June 2015. WEC Energy Group, Inc. was founded in 1981 and is headquartered in Milwaukee, Wisconsin.

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Community Sentiment

WEC Energy Group has received 60.90% “underperform” votes from our community.

MarketBeat's community ratings are surveys of what our community members think about WEC Energy Group and other stocks. Vote “Outperform” if you believe WEC will outperform the S&P 500 over the long term. Vote “Underperform” if you believe WEC will underperform the S&P 500 over the long term. You may vote once every thirty days.

1.0 Company Ownership

In the past three months, WEC Energy Group insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $104,772.00 in company stock.

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WEC Energy Group (NYSE:WEC) Frequently Asked Questions

How has WEC Energy Group's stock been impacted by COVID-19 (Coronavirus)?

WEC Energy Group's stock was trading at $97.45 on March 11th, 2020 when COVID-19 (Coronavirus) reached pandemic status according to the World Health Organization. Since then, WEC stock has decreased by 4.7% and is now trading at $92.85. View which stocks have been most impacted by Coronavirus.

11 Wall Street analysts have issued "buy," "hold," and "sell" ratings for WEC Energy Group in the last year. There are currently 5 sell ratings, 5 hold ratings and 1 buy rating for the stock, resulting in a consensus recommendation of "Hold." View analyst ratings for WEC Energy Group.

When is WEC Energy Group's next earnings date?

How were WEC Energy Group's earnings last quarter?

WEC Energy Group Inc (NYSE:WEC) posted its quarterly earnings results on Monday, May, 4th. The utilities provider reported $1.43 earnings per share for the quarter, topping the consensus estimate of $1.32 by $0.11. The utilities provider earned $2.11 billion during the quarter, compared to analyst estimates of $2.43 billion. WEC Energy Group had a net margin of 16.09% and a return on equity of 11.40%. WEC Energy Group's quarterly revenue was down 11.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.33 EPS. View WEC Energy Group's earnings history.

How often does WEC Energy Group pay dividends? What is the dividend yield for WEC Energy Group?

WEC Energy Group declared a quarterly dividend on Thursday, April 16th. Stockholders of record on Thursday, May 14th will be given a dividend of $0.6325 per share on Monday, June 1st. This represents a $2.53 annualized dividend and a yield of 2.72%. The ex-dividend date of this dividend is Wednesday, May 13th. View WEC Energy Group's dividend history.

What guidance has WEC Energy Group issued on next quarter's earnings?

WEC Energy Group updated its FY 2020
Pre-Market earnings guidance on Monday, May, 4th. The company provided EPS guidance of 3.71-3.75 for the period, compared to the Thomson Reuters consensus estimate of $3.72.

What price target have analysts set for WEC?

11 analysts have issued 12 month price objectives for WEC Energy Group's stock. Their forecasts range from $74.00 to $97.00. On average, they anticipate WEC Energy Group's stock price to reach $85.11 in the next year. This suggests that the stock has a possible downside of 8.3%. View analysts' price targets for WEC Energy Group.

Has WEC Energy Group been receiving favorable news coverage?

News articles about WEC stock have been trending somewhat positive this week, InfoTrie Sentiment reports. The research firm scores the sentiment of media coverage by analyzing more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of -5 to 5, with scores closest to five being the most favorable. WEC Energy Group earned a daily sentiment score of 1.0 on InfoTrie's scale. They also assigned news articles about the utilities provider a news buzz of 10.0 out of 10, meaning that recent media coverage is extremely likely to have an effect on the stock's share price in the near term. View the latest news aboutWEC Energy Group.

Are investors shorting WEC Energy Group?

WEC Energy Group saw a decrease in short interest in the month of May. As of May 15th, there was short interest totaling 4,260,000 shares, a decrease of 12.3% from the April 30th total of 4,860,000 shares. Based on an average daily trading volume, of 2,130,000 shares, the days-to-cover ratio is presently 2.0 days. Currently, 1.4% of the company's shares are sold short. View WEC Energy Group's Current Options Chain.

How do I buy shares of WEC Energy Group?

Shares of WEC can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.

What is WEC Energy Group's stock price today?

One share of WEC stock can currently be purchased for approximately $92.85.

How big of a company is WEC Energy Group?

WEC Energy Group has a market capitalization of $29.29 billion and generates $7.52 billion in revenue each year. The utilities provider earns $1.14 billion in net income (profit) each year or $3.58 on an earnings per share basis. WEC Energy Group employs 7,509 workers across the globe.